SunWorks Inc (SUNWQ)

[markp1950]

Here is what the panels mean to us...
http://www.heraldnet.com/article/20140301/BIZ/140309906/Coal-crunch-drives-India-to-solar-

For six years in a row, India’s monopoly coal producer has missed its production targets, leading to chronic electricity shortages and sending power producers scrambling for pricier imports. But what looks like a looming crisis could turn out to be an almost accidental energy overhaul.

But from three years ago when solar capacity was almost zero, the country has added 2.2 gigawatts of solar to its electricity grid, enough to power 20 million Indian homes. It plans another 2 GW this year, toward a total 15 GW addition by 2017.

Here is an important part.

It plans another 2 GW this year, toward a total 15 GW addition by 2017.

At 500 watts (guess) per panel, that is a ton of panels.

ndividual states plan even more. India has also added about 26 GW in coal-fired capacity since 2011, but already plants are sitting idle for lack of cheap supply.

Again...
At 500 watts (guess) per panel, that is a ton of panels.

“I’ve stopped developing coal plants,” said Ratul Puri, chairman of Hindustan Power Projects Ltd. “There’s not enough coal, and I’m not going to rely on imported coal. It’s too risky.”

India still has ambitions for another 70 GW in coal capacity by 2017 if it can find the investors.

70 GB by 2017 in coal. If we beat coal. We will replace those plants.
Read down

Subsidies at about a third of cost put solar prices at about 7 rupees (11 U.S. cents) per kilowatt/hour, versus coal’s 5-6 rupees per kilowatt/hour.

7 rupees for solar
5-6 rupees per kilowatt/hour. for coal
Now with SLTD doubling power per panel should be 4-5 rupees for solar we will beat the competition.
Coal prices will go up
while solar prices installed is fixed.

Solar projects also need fewer clearances and take just six to 12 months to develop, versus about eight years for a coal plant.

“Today’s coal availability is inadequate. And investors are worried. In India, if there are coal shortages, there will be power shortages, and industrial growth will be inhibited,” said Vivek Pandit, senior director at the Federation of Indian Chambers of Commerce and Industry.

India is suffering from water shortages and toxic runoff from a host of polluting industries, including coal. Emissions of sulfur dioxide, which leads to acid rain and lung ailments, increased more than 60 percent in India between 2005 and 2012, surpassing the United States to become the world’s second highest SO2 emitter after China, according to a study by the Argonne National Laboratory analyzing NASA satellite data.

The Reserve Bank of India has rung economic alarm bells. It warned in a 2013 report that power cuts and coal shortages were “a major constraining factor for industrial growth.” India’s current account deficit hit a record $88 billion last year, made worse by a trade bill bloated by $18 billion in coal imports.

The International Energy Agency estimates India will need to at least triple its total power capacity before 2050, adding between 600 GW and 1200 GW.
But coal may be a diminishing part of that.

“Solar is the way to go,” said Puri, the Hindustan Power chairman. “Eventually the policy makers always wake up.”

That only mean the we will sell every panel that we can make!
SLTD can make billions!